New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-12-26


FIN Nat. i.i-.eoo sz7I00 l92.7O0 i.69i 500
" st Sls.--.. l1JJ.doOi 23lfO0 13Z.,uD &phu'rVVV
Western Nat 7sl2.sOJ. l.l5OoJ0 9l6oOO G55':6OO
The exchanges Of Ncw-lorll banks last week
week Of 1856, and to sS,2O0,00O less than the
wcoi, of se5, but when 1t is remembered that the
Transactions at the Stock Exchange Lt't
week Wcrr IN volume only little more
than onc-third of the transactions in
the corresponding week Of 1856; that
prices for securities generally are much lower than
They were year ago. and that the exchanges or
last week only included five days operations at
tie Stock Exchange, the showing is an unusually
favorable one and indicates much larger volume
Of the'NchanIcs on commercial and mercantile
transactions imam those OF last year.
The s '1en1"f. .e HGr a 1n Ioa' s2 q tn
w'-k'f t"fre years com 49, as io.!oF'
w.. = i''1l Prs = 4ese 9:is' -.
MONEY AND EXCHANGE.
The local money market ruled easy all the week.
hc usual rates tor call loans rulcd at 4ai = per
cont: there was one exceptional loan made during
the week AZ per cent and. excepting on one day,
per - Was an unusual rate. ON Friday, which
has com. D. De known a. high day tor call money,
H.. rates ranged from 20 . pr cent There is
the demand. and therefore there is an EASEMENT OF
rates fog t.Ht. GOOD commercial paper was easily
n,co'hioi M 3at - per cent. ne damrstc cA-
chaugc, haze ruled about steady with the tone
favorable 10 this monetary centre. The foreign
exchanges nave ruled firm all through the week
and the rates have advanced upon demands from
mrr LautN and On account OF the unusually large
gcmittanccs required to cover The January INTEREST
and div idcnds upon securities held abroad Inc
closing quotations Tor actual business we're on inc
basis II SO and 81 81 for long and short stcrl-
ing respect vely. While the movements Of bread
stuGs indicated total exports for the week not
much different from those Of the preceding week,
the exports Of cotton declined materially; they
wcrc for the week 1873. GA bales against l6j,270
bale, for the preceding week. and against 22g, leS
bale, for the corresponding week OF 1885. This
however leaves rho net exports since September
&c. this year NJ 2.33l. 2sl bales against 2 80. IA
bales in the same period OF $50.
STILL STRIVING FOR DEPRESSION.
II IS generally Supposed that the natural di,po-
sition # man strongly leans toward the hopeful or
AL the time Is seeking for evil or imagining pos
sibi" conditions that perhaps might result in de-
pf''S'3n gthr ms arrived at ds stag,
Sv rhS ncco<ir i~@'"0 ~ his spccniaiy"
situation 10 view present and future conditions
thluu4h spectaclrs surchargcd by indigo. and
not infrcqucnt!y in the efforts made to destroy
c,l '3 n'r. 10 appear unreaSOnably giraffe. Will"
HI Tines continues 10 harp upon its pct idea
Of dargcr 10 arise from Government deposits IN
National banks the officials Of the National banks
throughout the country, continue each week to
pun. has" and deposit with the Treasury large
amounts If Government bonds To secure the use OF
III" Gpvcrnmcnt's cash: last week the additional
dcros Is Of bonds for thar purpose amounted 10
s2.I7O,0oO Is il the presidents Of the National
bau.s who are ignorant upon the subject Ger.
IN nly ~ about three months time u " banks or
The country Of Ncw-York City have nearly
doub,d the amount Of their deposits for that plir
pos, All through last week the string caHed
accumulation In the Treasury; IN the hArp oil
distress WAS rhumpcd upon. and nothing hut d s.
cor,lant notes did II produce. The sort or &C
cumulation that the Treasury was cn5aScd III
during the last week and since November 81, ~
shown i'm the para graph on the Treasury printed
above Tho troubles amongst the western Inl.
roads continued TO be mngnihcd to the girA.'s,
possible extent 1t true 'nat uns assnad
= s,rous 1sneci but also ~ true that tho Sharper
and more aggressive that fight Is made me shorosf
will be It's duration ana the quicker VIII ln' , u"
rates hc restored There one gain made dur
inc the v.col which * worthy ~ special note
Even the pnssmst> admit now that the business
Of thu Eastern roads Is arg ana ~ ,s AZ s|son Of
,he year IL is worth willie TO remember. h"w-
ever that n is not such long time ago wheh we
were told thai the Trunk Lines were WrhhBnnS
sni that old rates have gone never To return
II il also worth while remembering that STOCK
spectators for over SIX months nave been carry
inc on "A gigantic war anon ISL all the western ra'l-
roads And set during all this period contln-
ned progress growing IN railway earnings so thaV
even now when we have reached the period whrh
The earnings are compared with the large earnings
of last wear seveuty three railroads have reported
tnr tLc second week in December a gain on the
week of 1856 Of s, 1880 or 800 per cent. out
of the seXcnty-threc companies only sixteen Elbow
declines nggregating 81, 002 The chicago ana
Northwestern Company, whose earnings ior 'He
month of November were printed exclusively Il.
This mornings TRIBUNE. show gam Tor tlac
uuuth of Sgs7 800 on November 1896 ana Tor
the first one half Of its fiscal year ended November
80 gain OF SoU@, 'IJ
4 DULL WEEK Ar TIE STOCK EXCHANGE.
The business at the Stock Exchange for the week
ended Oh Friday night Saturday being observer
ms a holiday In those five days the total trhsac-
lions in stocks aggregated only op2'4to SHARES
week There was however. amidst All the dulhcsS
a ,trong undcrtonc OF strength and confidence III
yalucs The bears. willie being IA aggressive as
eyer i'm the PRONUNCIATION Of their distressing
perhntscs" developed unusual prudence IN en-
lorRng their lines OF short contracts. The ehorts
TO dc press values by sales OF STOCK were HIulHI
to small and spasm0d!c raids on SPECIAL parts OF
thr market The tactics employed resemble
sIiirmlshing rather than battle III
il worthy OF note and may NC
point Of some significance that from tuesday
When the reduction of rates at tho West was OH
chilly announced till the close OF the week values
propO rtionately as the rimors ana re
purts Of the tight assumed more serious aspects sv
that on Friday when IL was reported That rates
soon would be ten cents per 100 pounIs on an
prices advanced faster thnn on any other day III
The week and closed generally mt tho highest ny
urcs Of the week Philadelphia and Reading. when
cont rlbutpd nearly Onc-third IN numer OF shaIts
o. the total transactions OF the week was marhru
execution: after declining from SO 3-s 20 "a ~
IL closed at 65 "A, against sc is Saturday, De-
ccmher 7. 11is stock was specially influenced ny
the talk about the probabilities OF strike
amongst it's OPERATORS IL Is inserted by scme
that high officials Of the company were actively